CCI Approves NIIF's Stake Increase in Ather Energy

• The Competition Commission of India (CCI) has approved the National Investment and Infrastructure Fund's (NIIF) proposal to buy more shares in Ather Energy.
• The deal was approved under the green channel route, a fast-track approval process by CCI.
• The India-Japan Fund, managed by NIIF, aims to strengthen its position in the electric two-wheeler market and clean mobility solutions.
• Ather Energy is preparing for its IPO, targeting a valuation of around $2.5 billion.
• Despite growth, Ather remains a loss-making entity, with net losses widening to INR 1,059.7 Cr in FY24.

Source: Inc42